Resorts World Sentosa (RWS) will unveil the highly anticipated Singapore Oceanarium on 23 July, marking a major milestone in its ongoing multi-year expansion. The opening, alongside other additions like a new luxury hotel, is part of a broader effort to reinvigorate Genting Singapore and boost tourism at the integrated resort.
In a statement released Monday, RWS described the Oceanarium as a “landmark institute” designed to enhance public understanding of marine ecosystems through multi-sensory storytelling and immersive digital experiences.
Strategic Investments for Long-Term Gains
Back in 2019, Singapore committed to maintaining exclusive casino rights for RWS and rival Marina Bay Sands until 2030, in exchange for roughly S$9 billion (US$7 billion) in non-gaming tourism investments from the operators.
However, the expansion hasn’t been without challenges. In November 2023, RWS received only a two-year licence renewal—shorter than the usual three—after an independent panel questioned the resort’s competitiveness and appeal as a premier destination.
In response, Genting Singapore’s secretary Liew Lan Hing pledged a full-scale “transformation” to revitalize the resort and elevate its global profile. The Oceanarium is central to that vision, alongside other new attractions such as:
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Minion Land at Universal Studios Singapore, launched in February
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Laurus Hotel, a new all-suite property set to open later this year
Oceanarium Poised to Be a Flagship Attraction
The new Oceanarium is three times larger than its predecessor, the popular SEA Aquarium, which attracted 18,000 daily visitors on average. RWS CEO Tan Hee Teck called it “a catalyst for change,” emphasizing the centre’s role in turning “curiosity into knowledge and knowledge into action.”
Analysts Eye Q3 for Recovery
Genting Singapore could use the boost. In Q1 2025, RWS reported revenue of S$626.2 million, down 20% year-on-year, though up 2% from the previous quarter. Gaming revenue improved slightly—thanks in part to Chinese New Year—but non-gaming revenues fell, affected by a strong Singapore dollar, limited hotel availability, and ongoing renovation works.
Analysts from Nomura, Tushar Mohata and Alpa Aggarwal, predict another soft quarter ahead due to continued low hotel inventory, higher operating costs, and seasonal lulls. However, they expect earnings to accelerate in Q3 as the new attractions draw fresh footfall.
More Expansions on the Horizon
Looking further ahead, Genting Singapore is also developing a waterfront complex that will include:
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Two additional hotels
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A retail and dining district
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An 88-metre-tall light sculpture
The Oceanarium’s debut is not just about marine life—it symbolizes Genting Singapore’s renewed ambition to reclaim its standing as a top-tier tourism powerhouse in Asia.
